Dec 22, 2014
Members of the oil cartel could get higher prices if they cut production but there would be a cost.
Nov 4, 2014
Why the world’s largest oil exporter cut prices for crude oil sold to the U.S.
Oct 10, 2014
Fracking for oil is expensive, so at some point falling prices will make some wells unprofitable.
Dec 30, 2013
Saudi Arabia has made a $3 billion pledge to help Lebanon buy arms to counteract the role of Hezbollah.
Nov 12, 2012
The International Energy Agency is forecasting that the U.S. will become the biggest oil producer in the world within the next decade.
Oct 2, 2012
The OPEC oil embargo nearly 40 years was a shock to the U.S. and its economy. But the long-term effects proved a shock to Saudi Arabia and other OPEC members, who learned that oil and politics don't mix.
Jul 18, 2012
In his new novel, "A Hologram for the King," Dave Eggers muses on manufacturing and the global economy though the eyes of a struggling American businessman in Saudi Arabia.
May 11, 2012
The world's largest oil exporter isn't necessarily concerned about saving the planet. It's about being able to export even more crude.
Jan 18, 2012
Saudi Arabia is using a steady hand to ensure stable prices of oil, even if that means increasing supply. It's in their best economic interest.